Kieso中會Ch8一題存貨... - 會計

題目有點長，
希望板上的大大們見諒！

P8-10.

The management of Tritt Company has asked its accounting department to
describe the effect upon the company's financial position and its income
statements of accounting for inventories on the LIFO rather than the FIFO
basis during 2010 and 2011.
The accounting department is to assume that the change to LIFO would
have been effective on January 1, 2010, and that the initial LIFO base would
have been the inventory value on December 31, 2009. Presented below are the
company's financial statements and other data for the years 2010 and 2011
when the FIFO method was employed.

Financial Position as of
------------------------------------------
12/31/09 12/31/10 12/31/11
-------- -------- ----------

Inventory $120,000 $140,000 $ 176,000
Other assets 160,000 170,000 200,000
Accounts receivables 80,000 100,000 120,000
Cash 90,000 130,000 154,000
-------- -------- ----------
Total assets $450,000 $540,000 $ 650,000
-------- -------- ----------
-------- -------- ----------
Share capital--ordinary $200,000 $200,000 $ 200,000
Retained earnings 140,000 200,000 260,000
Accounts payables 40,000 60,000 80,000
Other liabilities 70,000 80,000 110,000
-------- -------- ----------
Total equity and
liabilities $450,000 $540,000 $ 650,000
-------- -------- ----------
-------- -------- ----------

Income for Years Ended
------------------------------------------
12/31/10 12/31/11
-------- ----------
Sales $900,000 $1,350,000
-------- ----------
Less: Cost of goods sold 505,000 756,000
Other expenses 205,000 304,000
-------- ----------
710,000 1,060,000
-------- ----------
Income before income tax 190,000 290,000
Income tax (40%) 76,000 116,000
-------- ----------
Net income $114,000 $ 174,000
-------- ----------
-------- ----------

Other data:
1. Inventory on hand at December 31, 2009, consisted of 40,000 units
valued at $3.00 each.
2. Sales (all units sold at the same price in a given year):

2010--150,000 units @ $6.00 each
2011--180,000 units @ $7.50 each

3. Purchases (all units purchased at the same price in given year):

2010--150,000 units @ $3.50 each
2011--180,000 units @ $4.40 each

4. Income taxes at the effective rate of 40% are paid on December 31
each year.


題目要列出當以LIFO取代FIFO時，有哪些在報表上的科目數字可能產生改變，並且要列
出計算過程。

小弟不懂的是解答上有關存貨部分數字改變的計算：

Cost of Goods Sold and
Ending Inventory for the Year Ended 12/31/10 12/31/11
----------------------------------- -------- --------
Beginning inventory (40,000 * $3.00) $120,000 $120,000
Purchases (150,000 * $3.50) 525,000 792,000
-------- --------
Cost of goods available 645,000 912,000
Ending inventory (40,000 * $3.00) (120,000) (120,000)
-------- --------
Cost of goods sold $525,000 $792,000
-------- --------
-------- --------

根據題目的說明，假設LIFO於2010年的1月1日生效，以2009年12月31日的存貨盤點
（$120,000）為基礎，那為什麼2010年的Ending inventory和2011年的Beginning/
Ending inventory都可以以$120,000下去算呢？


謝謝！


--